"project" refers to a defined set of business activities, including those where specific physical elements, aspects, and facilities likely to generate risks and impacts have yet to be identified.

[6] For example, corporate entities which have portfolios of existing physical assets, and/or intend to develop or acquire new facilities, and investment funds or financial intermediaries with existing portfolios of assets and/or which intend to invest in new facilities.

Where applicable, this could include aspects from the early developmental stages through the entire life cycle (design, construction, commissioning, operation, decommissioning, closure or, where applicable, post-closure) of a physical asset.

...

A Project is a development in any sector at an identified location. It includes an expansion or upgrade of an existing operation that results in a material change in output or function. Examples of Projects that trigger the Equator Principles include, but are not limited to; a power plant, mine, oil and gas Projects, chemical plant, infrastructure development, manufacturing plant, large scale real estate development, real estate development in a Sensitive Area, or any other Project that creates significant environmental and/or social risks and impacts. In the case of Export Credit Agency supported transactions, the new commercial, infrastructure or industrial undertaking to which the export is intended will be considered the Project.http://www.equator-principles.com/resources/equator_principles_III.pdf

'''Source:''' International Finance Corporation. 2012. “Performance Standard 1: Assessment and Management of Environmental and Social Risks and Impacts,” Performance Standards on Environmental and Social Sustainability. Washington D.C.: International Finance Corporation: Available at: http://www.ifc.org/wps/wcm/connect/topics_ext_content/ifc_external_corporate_site/ifc+sustainability/publications/publications_handbook_pps [Accessed 02 September 2013].